Morgans Hotel Group of New York plans to construct a $125-million hotel in Center City Philadelphia.
The company is proposing to build a 300-room hotel at 17th and Chancellor streets (between Walnut and Locust Streets) where a parking garage now stands.
The structure was designed by DAS Architects of Philadelphia, and Clemens Construction has been retained to oversee its development.
The hotel will operate under Morgans' Hudson brand. It operates a Hudson hotel in New York and has plans to open another one next year in London. The Philadelphia hotel will have a penthouse floor with a restaurant, as well as two floors of retail space, rooms for special events and meeting facilities.
Construction of the Hudson in Philadelphia is expected to begin next year and be completed by 2016.